Tag: Asia
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U.S. Discussed Debt Issues With China While Also Hinting Beijing Uses Loans for “Coercive Leverage” in South Asia
There was a hint of optimism going into Saturday's debt roundtable organized by India, the World Bank and the IMF that the U.S. and China might be able to find some common ground. Deputy-level officials from both countries met on Friday,
Sri Lanka President to Meet With Chinese Finance Minister in Bid to Unblock Debt Relief
Sri Lankan President Ranil Wickremesinghe will meet with Chinese Finance Minister Liu Kun on Friday for what's been described as "a last-ditch effort" to get Beijing to align with Colombo's other creditors for desperately-needed debt relief. The two will ...
IMF Considers Circumventing China for Sri Lanka’s Emergency Debt Relief
The International Monetary Fund may have found a way to unblock the impasse with China that's blocked Sri Lanka's $2.9 billion emergency financial package. The IMF, according to Bloomberg, is actively considering invoking a rarely used policy that allows the fund to issue ...
India Thinks It Can Persuade China to Take Big Losses on Its Loans to Poor Countries
The Indian government, in its role as rotating head of the Group of 20, is drafting what will no doubt be a controversial proposal that calls on all major international creditors, namely China, to take large losses on its loans to poor countries.
China Accuses Philippines of Lying About Laser Strike Against Coast Guard Ship in South China Sea
The feud between the Chinese and Philippine governments over a naval incident in the South China Sea earlier this month intensified when Beijing accused Manila of not telling the truth about what happened. Chinese Foreign Ministry Spokesperson Wang Wenbin did acknowledge on Wednesday ...
Wang Yi Makes Unannounced Visit to Uzbekistan on His Way to Europe
China's top foreign policy official, Wang Yi, made an unannounced stopover in the Uzbek capital of Tashkent to meet with acting foreign minister Bakhtiyor Saidov. After the meeting, Wang then traveled to Paris, where he met with French President Emmanuel Macron as part ...
India Adds to Mounting Pressure on China to Resolve Debt Relief Impasse With IMF, World Bank
The Indian government called on China to stop blocking the debt restructuring process for the world's poorest countries, adding to the pressure on Beijing ahead of a critical meeting with the World Bank and the International Monetary Fund on Friday. Amitabh ...
Philippines Summons Chinese Ambassador Over Laser Incident at Sea
Philippine President Ferdinand Marcos summoned China's ambassador to express his "serious concern" over Monday's alleged use of a military grade laser by a Chinese Coast Guard vessel against nearby Philippines ships in the South China Sea. In Washington, U.S. State Department ...
IMF Tells Sri Lanka to Gets Its Creditors in Line, Prompting Showdown With China
The Sri Lankan government suffered another setback in its ongoing effort to secure a $2.9 billion emergency financing package from the International Monetary Fund after the lender informed Colombo it would have to secure more assurances from its creditors, namely China, to provide debt relief. ...
Cambodia PM: If We Don’t Rely on China for Development Assistance, Then Who?
Cambodian Prime Minister Hun Sen wrapped up a three-day visit to Beijing on Friday that included meetings with his counterpart Li Keqiang and President Xi Jinping. The Cambodian leader went to Beijing with a big wish list that he's hoping China will fund, namely ...
Paris Club Calls Out China Over Sri Lankan Debt Relief
The Paris Club of wealthy creditor states turned up the pressure on China to resolve the current impasse that's blocking debt relief for Sri Lanka and other developing countries. “The Paris Club members as well as Hungary and Saudi Arabia urged other official ...
Chinese Tourist Flight Given Hero’s Welcome in Cambodia
In a sign of how eager Southeast Asian countries are to welcome back Chinese visitors, the first flight from China since outbound travel resumed was given a ceremonial welcome when it landed on Tuesday in the Cambodian capital Phenom Penh. Cambodia ...